Green Plains Partners (NASDAQ:GPP) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Several other research firms have also recently commented on GPP. Zacks Investment Research cut shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Robert W. Baird cut shares of Green Plains Partners from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $17.00 in a research note on Thursday, March 7th. Finally, ValuEngine cut shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Green Plains Partners has an average rating of “Hold” and a consensus target price of $17.50.

NASDAQ:GPP traded down $0.18 during trading hours on Tuesday, reaching $13.81. 22,386 shares of the company’s stock were exchanged, compared to its average volume of 35,236. The stock has a market cap of $321.88 million, a P/E ratio of 8.69 and a beta of 0.56. Green Plains Partners has a 1-year low of $13.30 and a 1-year high of $17.75.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Wednesday, May 8th. The transportation company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.14. The firm had revenue of $21.09 million during the quarter, compared to analysts’ expectations of $22.33 million. Green Plains Partners had a net margin of 54.78% and a negative return on equity of 71.28%. Analysts anticipate that Green Plains Partners will post 1.47 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sigma Planning Corp increased its holdings in shares of Green Plains Partners by 12.0% in the 1st quarter. Sigma Planning Corp now owns 41,675 shares of the transportation company’s stock valued at $660,000 after purchasing an additional 4,454 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Green Plains Partners by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock valued at $807,000 after acquiring an additional 4,479 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Green Plains Partners by 13.1% during the 4th quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock valued at $161,000 after acquiring an additional 1,377 shares in the last quarter. Creative Planning purchased a new position in Green Plains Partners during the 4th quarter valued at about $199,000. Finally, Barclays PLC purchased a new position in Green Plains Partners during the 4th quarter valued at about $118,000. Institutional investors and hedge funds own 19.61% of the company’s stock.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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